Thinking about moving abroad in your golden years?
Consider these European destinations.
More and more seniors have been opting for retirement abroad in recent years.
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In fact, the Social Security Administration reportsthat more than 700,000 Americans receive their monthly payments in foreign countries.
Europe is an especially popular choice, and a number of factors explain why.
Some retirees want to experience the culture of their ancestors.
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Others may have enjoyed vacations on the continent and want to spend more time there.
Many have restrictions on retirees having jobs or owning property, while others make provisions for both.
The U.S. State Departmentis an excellent resource for anyone considering retirement abroad.
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If you’re ready to make the leap, though, this list is here to help.
Best of all for monolingual seniors, English is widely spoken.
(Other requirements include a passport and proof of income.)
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Residents can also apply for a permanent permit when the initial one expires.
Foreigners are permitted to buy property in Budapest, and the health care system is generally regarded as good.
No visa is required here for stays of up to 90 days.
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If you wish to stay longer than that, you’ll begin by applying for a temporary residence permit.
Income is taxable on residents, but double taxation can be avoided with proper IRS filing.
The country’s second-largest city, Split, offers easy access to some of thebest beaches in Croatia.
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Restaurants, bars, cultural and entertainment venues, and many English-speaking residents make it relatively easy to adapt.
U.S. citizens are also permitted to purchase real estate in Croatia.
Health care is considered adequate, and English-speaking doctors are available.
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After five years, you might apply for permanent residency.
Serviceable public transit and strong walkability add to theease of living here.
Malta and the U.S. have a treaty in place for relief from double taxation on income.
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Plus,residencycan be established in several ways, making relocation to Malta accessible for retirees.
For retirees who enjoy the outdoors, this could be an ideal spot.
English is spoken, of course, and foodies will appreciate the abundance of restaurants and fresh seafood.
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Private health coverage is advised, and health care is considered good.
Affordable rents can be found just outside the city center, including in many impressively modern apartments.
Centrally located in Europe, Prague is a great base from which to explore all of the continent.
Plus, its health care system is among Europe’s best.
Permanent residency can be applied for after living legally in the Czech Republic for five years.
Social Security Administration
U.S. State Department
